Alibaba

Alibaba Invests $10 Million in OUVA

Alibaba Invests $10 Million in OUVA

OUYA, the game-console maker, has received funds from Chinese e-commerce giant Alibaba. It is said that the e-commerce giant has given $10 million to OUVA in the form of investment in trade. With this, OUVA's platform will be introduced in Alibaba's set-top box.

As per experts, it is considered to be quite a big investment as OUVA is not performing well since it left a big mark on Kickstarter in 2012. Also, its performance in the United States is not great. Lately, the game-console maker has grabbed news headlines for a software platform known as OUVA Everywhere.

Location: 
Company: 

Alibaba Accused of not paying enough Attention to Illegal Business on its Platform

Alibaba Accused of not paying enough Attention to Illegal Business on its Platfo

Chinese e-commerce major Alibaba Group Holding Limited has been accused by the Chinese government of not paying enough attention to illegal business conducted on its platforms and of not taking corrective measures to get rid of it.

According to the State Administration for Industry and Commerce (SAIC), various products that Alibaba sold on its e-commerce websites and through its services had infringed upon trademarks, were unlawfully imported and were substandard.

News: 
Location: 
Company: 

Alibaba chooses NYSE over NASDAQ

Alibaba chooses NYSE over NASDAQ

Two years after Facebook's glitch-ridden $16 billion market debut, Alibaba Group Holding Ltd, a privately owned Hangzhou-based group of Internet-based commerce businesses, doubts about NASDAQ's technology's ability to handle its $21 billion initial public offering.

NASDAQ systems collapsed under tremendous volume of orders on the first day of trading in Facebook's shares in 2012. Since then, NASDAQ's reputation is under threat.

News: 
Company: 

Popular Stories

Harley-Davidson to turn 8 Dyna motorbikes into new Softail bikes

Betting big on cruisers, the luxury motorcycle... Read More

Uber’s net loss declines as ride bookings grow

Uber Technologies reported lower loss by nearly 9... Read More

Samsung Galaxy Note 8 facing challenges on multiple fronts

The Samsung Galaxy Note 8 is facing an increasingly... Read More

Leaked reports reveal more about new BMW M5

Luxury carmaker BMW’s next-generation M5 car will... Read More

Tesla announces risky new approach to customer service

During the past few years, Tesla was slammed by a... Read More